NVIDIA Corporation $NVDA is River Street Advisors LLC's 3rd Largest Position

Key Points

• River Street Advisors LLC increased its stake in NVIDIA Corporation by 4.2% in the second quarter, making it the 3rd largest position in the firm's portfolio, valued at approximately $9 million.
• Analysts have a consensus target price of $222.23 for NVIDIA, with most ratings being a Buy or Strong Buy, reflecting strong confidence in the stock's performance.
• NVIDIA reported a quarterly earnings per share of $1.05, exceeding estimates and showing a year-over-year revenue increase of 55.6%.

River Street Advisors LLC raised its stake in shares of NVIDIA Corporation (NASDAQ:NVDA - Free Report) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 57,018 shares of the computer hardware maker's stock after purchasing an additional 2,278 shares during the period. NVIDIA accounts for 3.9% of River Street Advisors LLC's portfolio, making the stock its 3rd largest position. River Street Advisors LLC's holdings in NVIDIA were worth $9,008,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of NVDA. Kathleen S. Wright Associates Inc. increased its position in NVIDIA by 169.3% during the first quarter. Kathleen S. Wright Associates Inc. now owns 404 shares of the computer hardware maker's stock worth $44,000 after purchasing an additional 254 shares during the last quarter. Barnes Dennig Private Wealth Management LLC acquired a new position in NVIDIA during the first quarter worth approximately $51,000. Bruce G. Allen Investments LLC grew its stake in NVIDIA by 198.2% during the first quarter. Bruce G. Allen Investments LLC now owns 492 shares of the computer hardware maker's stock worth $53,000 after buying an additional 327 shares during the period. Legend Financial Advisors Inc. purchased a new stake in NVIDIA during the second quarter worth approximately $55,000. Finally, Campbell Capital Management Inc. grew its stake in NVIDIA by 5,900.0% during the first quarter. Campbell Capital Management Inc. now owns 600 shares of the computer hardware maker's stock worth $65,000 after buying an additional 590 shares during the period. Institutional investors and hedge funds own 65.27% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Morgan Stanley boosted their price objective on shares of NVIDIA from $206.00 to $210.00 and gave the stock an "overweight" rating in a research note on Thursday, August 28th. Wedbush reiterated an "outperform" rating and set a $210.00 price objective on shares of NVIDIA in a research note on Thursday, August 28th. Citigroup reiterated a "buy" rating and set a $210.00 price objective (up from $200.00) on shares of NVIDIA in a research note on Tuesday, September 30th. Cantor Fitzgerald set a $300.00 price objective on shares of NVIDIA and gave the stock an "overweight" rating in a research note on Thursday, October 9th. Finally, Arete boosted their price objective on shares of NVIDIA from $235.00 to $244.00 and gave the stock a "buy" rating in a research note on Tuesday, October 14th. Five investment analysts have rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $222.23.

NVIDIA Trading Up 0.8%

NASDAQ NVDA opened at $183.22 on Monday. The company's fifty day simple moving average is $179.40 and its 200-day simple moving average is $153.63. NVIDIA Corporation has a 52 week low of $86.62 and a 52 week high of $195.62. The company has a current ratio of 4.21, a quick ratio of 3.60 and a debt-to-equity ratio of 0.08. The stock has a market cap of $4.45 trillion, a P/E ratio of 52.20, a PEG ratio of 1.32 and a beta of 2.12.

NVIDIA (NASDAQ:NVDA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The computer hardware maker reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.04. The firm had revenue of $46.74 billion for the quarter, compared to analysts' expectations of $45.65 billion. NVIDIA had a net margin of 52.41% and a return on equity of 101.74%. The firm's quarterly revenue was up 55.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 earnings per share. NVIDIA has set its Q3 2026 guidance at EPS. Equities research analysts predict that NVIDIA Corporation will post 2.77 EPS for the current fiscal year.

NVIDIA Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Thursday, September 11th were issued a $0.01 dividend. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.04 annualized dividend and a yield of 0.0%. NVIDIA's dividend payout ratio is currently 1.14%.

Insider Transactions at NVIDIA

In related news, CEO Jen Hsun Huang sold 75,000 shares of the company's stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $181.01, for a total value of $13,575,750.00. Following the sale, the chief executive officer directly owned 70,333,203 shares of the company's stock, valued at $12,731,013,075.03. This represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 3,678,937 shares of company stock valued at $654,837,526 over the last 90 days. Corporate insiders own 4.17% of the company's stock.

NVIDIA Profile

NVIDIA Corporation provides graphics and compute and networking solutions in the United States, Taiwan, China, Hong Kong, and internationally. The Graphics segment offers GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro/NVIDIA RTX GPUs for enterprise workstation graphics; virtual GPU or vGPU software for cloud-based visual and virtual computing; automotive platforms for infotainment systems; and Omniverse software for building and operating metaverse and 3D internet applications.

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